CUNA and the Wisconsin Credit Union League filed an amicus brief Friday with the Wisconsin Supreme Court supporting a narrow interpretation of the Wisconsin Consumer Act (WCA). Plaintiff’s attorneys in Wisconsin have been targeting lenders, including credit unions, with litigation under the WCA. CUNA and the league argue these suits are frivolous and could affect access to credit.
“Wisconsin credit unions have been the target of lawsuits and counterclaims seeking damages and attorney’s fees under the WCA in response to their good-faith efforts to collect on legitimate debts,” the parties stated in their brief.
CUNA and the league argue: